diff --git a/README.md b/README.md
index 7a214ef17..18ac4e308 100644
--- a/README.md
+++ b/README.md
@@ -198,6 +198,10 @@ which means you can modify it, redistribute it or use it however you like.
     --add-metadata             write metadata to the video file
     --xattrs                   write metadata to the video file's xattrs (using
                                dublin core and xdg standards)
+    --prefer-avconv            Prefer avconv over ffmpeg for running the
+                               postprocessors (default)
+    --prefer-ffmpeg            Prefer ffmpeg over avconv for running the
+                               postprocessors
 
 # CONFIGURATION
 
diff --git a/youtube_dl/version.py b/youtube_dl/version.py
index a82e2280c..d1233be65 100644
--- a/youtube_dl/version.py
+++ b/youtube_dl/version.py
@@ -1,2 +1,2 @@
 
-__version__ = '2014.01.07.5'
+__version__ = '2014.01.08'